The ten big policy plays: Key economic initiatives India has seen under Modi from 2014 to 2024
Over the last decade, India has witnessed significant economic initiatives like the Goods and Services Tax, bankruptcy code, and PM-Kisan. This period also saw substantial social interventions, starting with the 2014 financial inclusion drive under the NDA government.
Govt’s decision to extend tax benefits to boost investor confidence, say experts
The decision to extend tax benefits by a year provides clarity and certainty for global investors and eligible companies to enhance investment and operational planning. The extension of tax benefits till March 31, 2025, benefits eligible startups, sovereign wealth funds, pension funds, and units in the International Financial Services Centre (IFSC) GIFT City.
Nifty Bank outperforms on Budget Day! May face resistance around 46,500 levels
“The Bank Nifty bulls demonstrated strength as the index closed above the 46,000 level on the Interim Budget Day. The overall undertone remains bullish, with support at 47,800 providing a cushion for the bulls,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
Interim Budget 2024: Cos need to register for Input Service Distribution
Companies with branches in multiple cities will now need to register for input service distribution (ISD) to claim input tax credit for services provided by the head office to the branch office. The interim budget proposed to make this rule mandatory, besides the requirement of a separate registration that allows headquarters of companies to distribute […]
Budget throws spotlight on more than 50 stocks from 7 sectors
Within the confines of the available fiscal space, the government is channeling enough for capex which is almost 40% of the additional total outlay. This is being directed to roads, railways, and defence and it can have positive linkage effects with industries like steel, cement, capital goods etc, Way2Wealth said.
Negotiating bilateral investment treaties to sustain FDI growth: FM Sitharaman
India is negotiating bilateral investment treaties with foreign partners, including the UK, to sustain the growth of foreign direct investment (FDI) in the country. The FDI inflows in India during 2014-23 were $596 billion, twice the inflow during 2005-14. To encourage sustained foreign investment, India is focusing on ‘first develop India’ and ensuring equitable and […]
IndiGo Q3 Preview: Profit may jump 80% YoY on better yields, higher fares
Airline fares witnessed a significant jump in Q3 given a seasonally strong quarter. Despite price corrections, overall ATF prices remained elevated in the third quarter owing to the peak attained in October 2023.
Timely finances, tech for MSMEs key policy priority: FM Nirmala Sitharaman
The government has prioritised the development of micro, small and medium enterprises (MSME) and introduced various initiatives to support them. Finance minister Nirmala Sitharaman announced the allocation of Rs 22,137 crore to the MSME ministry for FY25. The government has introduced schemes like Emergency Credit Line Guarantee Scheme (ECLGS) and TReDS to address delayed payments […]
Nifty Bank outperforms on Budget Day! May face resistance around 46,500 levels
“The Bank Nifty bulls demonstrated strength as the index closed above the 46,000 level on the Interim Budget Day. The overall undertone remains bullish, with support at 47,800 providing a cushion for the bulls,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
Interim Budget 2024 not likely to immediately trigger consumption revival in rural economy
Slower demand in rural markets has been dragging the overall growth of the fast moving consumer goods segment since the past two years and companies said a normal monsoon and a good harvest could help expedite rural recovery instead of budget sops. Finance minister Nirmala Sitharaman said they are close to achieving the target of […]